When a company successfully increases its share of customer, it increases ______.Multiple choice question.the total number of customers it servesthe number of goods and services bought by a customerthe average length of time they have dealt with each customerthe ratio of money spent per customer to money earned per customer
Question
When a company successfully increases its share of customer, it increases ______.Multiple choice question.the total number of customers it servesthe number of goods and services bought by a customerthe average length of time they have dealt with each customerthe ratio of money spent per customer to money earned per customer
Solution
The correct answer is: the number of goods and services bought by a customer.
When a company increases its share of customer, it means that the same customer is buying more of its products or services. This does not necessarily mean that the company is serving more customers overall, or that it has been dealing with each customer for a longer period of time. It also does not directly relate to the ratio of money spent per customer to money earned per customer. Instead, it refers to the amount of goods and services that each customer is buying from the company.
Similar Questions
Companies use share of customer to ______.Multiple choice question.determine how well a company's CRM program prioritizes customers based on their individual profitabilitycompare a company's financial investment in a customer with the financial return on that investmentmeasure the purchase dollars an individual customer spends on the company's productsmeasure the total profit a customer brings to a company over time
The customer service function can create a perception of superior value in the minds of customers by ______ after they have purchased the product.Multiple select question.increasing product lifeimproving warrantiessolving customer problemssupporting customers
According to your lecture, how much more will a loyal customer spend?Question 3Answera.10 times moreb.20 times morec.5 times mored.30 times mor
The distribution to employees of a percentage of the company's profits is known as ______.Multiple choice question.sales commissionsprofit sharingstock optionsgainsharing
A firm in monopolistic competition has a ________ market share and ________ influence the price of its good or service.Group of answer choicessmall; canlarge; might be able tolarge; canlarge; cannot
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.